ITG’s (NYSE:ITG) March volumes came in at 4.6 billion shares, up 31.4% MoM.

ITG (NYSE:ITG), an independent execution broker and research provider, has reported its US trading volumes for the month ending March 2015, which came in at 4.6 billion shares, according to an ITG statement.

During the month ending March 2015, ITG’s US volumes yielded 4.6 billion shares, jumping 31.4% MoM from 3.5 billion shares in February 2015 – this corresponded to an average daily volume (ADV) or 185 million shares, up 12.1% MoM from 165 million shares in ADV in February 2015.

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Owing in part to this rise was the differential in trading days. Indeed, there were a total of 22 trading days in March 2015, compared to just 19 trading days in February 2015. In addition, the past two months saw a higher percentage of trading activity from lower-rate sell-side clients, offsetting the higher average revenue per share previously noted for January 2015.

Moreover, ITG also revealed in an accompanying statement that it has reached an agreement with shareholders Philadelphia Financial Management of San Francisco and Voce Capital Management LLC. The accepted mandate calls for the appointment of a new independent member to its Board of Directors, Jarrett Lilien. Lilien joins ITG from E*TRADE Financial, having worked as its president and chief operating officer (COO).